Global Economics Versus National Politics

Published November 6, 2008

One of the shrewdest comments about the current financial crisis was uttered a couple of weeks back by one of the reporters for the BBC's International Service.

He had been asked by the host of the half-hour TV news program how the European Union was dealing with the crisis, and rattled off summary descriptions of actions being taken in Britain, France, Germany and other EU member-states.

But...

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